What You Need to Know About Jim Cramer's Favorite AppLovin

About AppLovin Corporation

AppLovin Corporation (NASDAQ:APP) is a software company that provides customers with the ability to create advertising platforms for digital engagement. The company's shares began the year with a 74% increase but fell by 8.7% on Monday.

Financial Performance

Last week, AppLovin Corporation announced a revenue of $1.41 billion and earnings per share of $2.45. These figures drew attention by exceeding analyst expectations. Jim Cramer stated in his previous comments that he would not bet against the company's shares.

Cramer's Comments

In January, Cramer described AppLovin Corporation as a "love stock," suggesting that it should "get married" with Palantir. In his latest statement, he emphasized that the company has no competitors in its field: "They have no competitors. As you know, nobody does what they do. They have almost 100% market share."

Tips for Investors

APP may be considered a potential investment, but we believe that some artificial intelligence stocks have higher return potential. If you are looking for an extremely affordable artificial intelligence stock that benefits from Trump taxes and domestic production, you can find more information in our reports on the best short-term artificial intelligence stocks.